Japan's SoftBank to sink $2.25B into GM autonomous car unit

Japan's SoftBank to sink $2.25B into GM autonomous car unit

6 years ago
Anonymous $2WKDXfy9lA

https://phys.org/news/2018-05-japan-softbank-225b-gm-autonomous.html

The move widens the SoftBank Vision Fund's influence in ride-hailing services. The fund closed a deal in January to spend about $9 billion for a 15 percent stake in Uber and also owns a stake in China's top ride-hailing firm Didi Chuxing.

GM Cruise would remain a wholly owned subsidiary of GM with the automaker holding roughly 80 percent of the business.

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